KATIE Murray has been named as the new chief financial officer (CFO) at Royal Bank of Scotland, succeeding Ewen Stevenson who left to join HSBC in September.
The chartered accountant, who arrived at state-backed Royal as director of finance in 2015, has been given the role full-time after serving as interim CFO since Mr Stevenson’s departure. A former group finance director for Old Mutual Emerging Markets in Johannesburg, Ms Murray will officially take up the role on January 1, when she will also join the bank’s executive board.
Ms Murray said: “I am delighted to take up this role and look forward to working with my colleagues on the board, the executive committee and across RBS as we continue to build a bank that is simple and safe for customers, produces positive returns for shareholders and makes a major contribution to the UK economy.”
The appointment comes with Royal having consigned much of the legacy issues which have plagued it since the financial crisis to the past. In February the bank reported its first annual profit in a decade, then in August announced its first dividend since before its £45.5 billion tax-payer bail-out. But Brexit uncertainty is weighing heavily on its share price, with the bank making a £100m provision against potential losses caused by the UK’s protracted divorce form the European Union in October.
Ms Murray has also been appointed executive director and CFO on the boards of NatWest Holdings, The Royal Bank of Scotland plc, National Westminster Bank plc and Ulster Bank. Chairman Howard Davies said: “Katie brings nearly 30 years of finance and accounting experience in capital management, investor relations and financial planning to the role. She has already contributed significantly to RBS over the last three years as the bank has resolved its last major legacy issues, returned to profit and restarted paying dividends.”
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